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Tue 6 Aug 2013 12:10 PM

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Dubai SME to host World Entrepreneurship Forum

New forum for the UAE will promote entrepreneurialism and offer chances for networking

Dubai SME to host World Entrepreneurship Forum
Dubai SME - the agency of the Department of Economic Development mandated to develop the SME sector - will host the inaugural forum in December this year.

Dubai will be the first city in the Middle East to host a local chapter of the World Economic Forum after Dubai SME signed a memorandum of understanding to bring the event to the UAE.

Dubai SME, the agency of the Department of Economic Development mandated to develop the small and medium enterprise sector, will host the inaugural forum in December this year, and will look to influence change and advance entrepreneurship as a core strategy for socio-economic development.

The forum will bring together entrepreneurs, stakeholders, service providers, experts, academics, and politicians, allowing for exchanges of ideas as well as discussions on key topics.

Its mission is to “promote and accelerate entrepreneurship locally as a way to create wealth and social justice, to prepare the world of 2050”.

Abdul Baset Al Janahi, chief executive officer of Dubai SME, said: “Dubai has seen major strides in growing into a modern entrepreneurial hub recently in the spheres of policy and strategy. Integrating fast-evolving economic and financial knowledge into our rich entrepreneurial traditions is essential to the success of our efforts.

"The World Entrepreneurship Forum will be a perfect fit with Dubai SME's efforts in this direction.”

Tugrul Atamer, executive chairman of the World Entrepreneurship Forum, added: “Our local chapters have the very important mission to source successful entrepreneurs, academics, experts and policy makers, and identify best practices to be showcased at an international level. Dubai happens to be an excellent place to gather all key stakeholders of the region.”